Firethorn Wealth Partners LLC Makes New $148,000 Investment in Dynex Capital, Inc. (NYSE:DX)

Firethorn Wealth Partners LLC acquired a new position in shares of Dynex Capital, Inc. (NYSE:DX) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 11,689 shares of the real estate investment trust’s stock, valued at approximately $148,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC raised its stake in shares of Dynex Capital by 305.9% during the 3rd quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,661 shares during the period. Westend Capital Management LLC lifted its holdings in Dynex Capital by 37.0% in the fourth quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 919 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Dynex Capital in the second quarter worth approximately $128,000. Hilton Capital Management LLC purchased a new stake in Dynex Capital in the third quarter valued at $142,000. Finally, Walleye Capital LLC purchased a new stake in Dynex Capital in the 3rd quarter valued at about $155,000. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Dynex Capital Stock Performance

Shares of DX stock opened at $12.65 on Friday. Dynex Capital, Inc. has a 12 month low of $11.36 and a 12 month high of $13.13. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.00 billion, a P/E ratio of 10.04 and a beta of 1.30. The firm has a fifty day moving average price of $12.55 and a 200 day moving average price of $12.45.

Dynex Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 23rd will be paid a dividend of $0.15 per share. This represents a $1.80 annualized dividend and a yield of 14.23%. The ex-dividend date is Thursday, January 23rd. Dynex Capital’s payout ratio is 142.86%.

Analyst Ratings Changes

Separately, JMP Securities restated a “market perform” rating on shares of Dynex Capital in a report on Thursday. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $13.56.

Dynex Capital Profile

Dynex Capital, Inc, a mortgage real estate investment trust, invests in mortgage-backed securities (MBS) on a leveraged basis in the United States. It invests in agency and non-agency MBS consisting of residential MBS, commercial MBS (CMBS), and CMBS interest-only securities. Agency MBS have a guaranty of principal payment by an agency of the U.S.